NorthAmOil - North America Oil & Gas

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Oil & Gas

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The publication continues to provide weekly coverage of upstream, midstream and downstream news, spanning shale oil and gas, LNG, oil sands, transport by pipeline and rail, company performance and regional energy policy – on both national and state or provincial levels. NorthAmOil provides regular updates on the status of major proposed projects in both the US and Canada. The publication also looks at more distant prospects, such as offshore Arctic drilling.

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Civitas inks deal to sell Denver-Julesburg assets for $215mn

8 May 2024

Civitas Resources has signed a deal to sell some of its Denver -Julesburg Basin assts for $215mn.

Chesapeake to increase curtailments in second quarter

8 May 2024

Chesapeake Corp. intends to increase its gas production cutbacks to approximately 400mn cubic feet per day this quarter following a modest profit in the initial quarter of 2024 and stagnant commodity prices.

Biden administration completes aggressive methane reporting standards

8 May 2024

The US Environmental Protection Agency has finalised stricter methane reporting standards that could increase how many oil and gas companies pay fees for extra methane emissions by 2026.

Touchstone Exploration moves to acquire Trinity Exploration and Production

7 May 2024

Canadian oil and gas firm Touchstone Exploration is moving to acquire all ordinary share capital in Trinity Exploration and Production; a company with all of its onshore and offshore assets based in Trinidad and Tobago

What do EU methane rules mean for global gas suppliers?

7 May 2024

There is particular complexity in how the rules will be applied for US LNG exports, as exporters often do not produce the gas that they supply globally, and lack the data on emissions upstream.

Cheniere’s profits dip due to poor commodity prices

5 May 2024

Houston-based Cheniere Energy, the US’s biggest producer and exporter of LNG, reported a first-quarter fall in profits of 91% year on year, the company announced in its quarterly earnings report.

US LNG exports dip in April

5 May 2024

The US’s LNG exports fell in April slipping to 6.19mn tonnes according to data from the London Stock Exchange Group.

US Democratic lawmakers unveil report on Big Oil, climate change

2 May 2024

After a US congressional investigation spanning years, revealed that major oil corporations privately acknowledged the inconsistency between their public promises to reduce greenhouse gas emissions and their actual business strategies.

Newfoundland and Labrador launch 41-block offshore exploration licensing round

2 May 2024

The Canada-Newfoundland and Labrador Offshore Petroleum Board has unveiled a Call for Bids for exploration licenses in the offshore Eastern Newfoundland region.

Trans Mountain pipeline expansion opens for business

2 May 2024

The Trans Mountain pipeline expansion (TMX) started operating commercially on May 1. This was according to an announcement from the owner Trans Mountain Corp.

White House permitting rule adds “roadblocks” for fossil fuel projects

1 May 2024

The Biden administration’s Council on Environmental Quality has completed a rule to streamline the environmental review process – including for energy projects – under the National Environmental Protection Act.

How well thought-out is a US ban on LNG exports to China?

1 May 2024

In a recent analysis it was speculated that a recent understated move by the US Department of Energy could signify a significant shift in American policy regarding trade, energy, and its relationship with China.

Venture Global to begin LNG production at Plaquemines in summer

1 May 2024

US LNG upstart Venture Global LNG is planning to begin production of the super-chilled fuel at its Plaquemines export facility in southern Louisiana by mid-year.

Regulators okay Exxon’s $60bn Pioneer buy, Chevron expects Hess deal to close by year-end

1 May 2024

Exxon Mobil’s $60bn purchase of Pioneer Natural Resources has been approved by the US Federal Trade Commission (FTC) as long as Pioneer's former CEO does not join Exxon's board.

ExxonMobil, Chevron miss estimates, bet on Permian and Guyana

1 May 2024

The two largest US oil and gas heavyweights, ExxonMobil and Chevron, may have been hit hard by weak gas prices and refining margins. The duo released their first quarter earnings results on April 26, with Exxon falling short of estimates.

US LNG exports soar to record highs

30 April 2024

US LNG exports have reached record highs in the first four months of 2024 amid skyrocketing natural gas production.

EQT seeks to expand Mountain Valley Pipeline

30 April 2024

EQT has announced that it will expand capacity of the Mountain Valley Pipeline (MVP) to 70.8mn cubic metres per day from 56.6 mcm per day once the company has acquired the pipeline’s operator, Equitrans Midstream.

US coal, new gas power plants must meet new GHG pollution targets

30 April 2024

The Biden administration is taking steps to tackle the issue of planet-warming pollution from the nation’s electricity sector. These mandates, which target coal and natural gas plants, are likely to push for the closure of coal plants.

LNG Energy Group strikes deal to revamp Venezuela oil fields amid US sanctions uncertainty

30 April 2024

LNG Energy Group, backed by Texas oil magnate Rod Lewis, inked a pact with Venezuela's state-run oil giant PDVSA to revitalise five ageing oil fields, positioning itself for potential growth in a market grappling with a tumultuous political landscape

Production returns to Freeport LNG

24 April 2024

Limited production has returned to Freeport LNG, the US’s second largest LNG export terminal, after six days of near zero gas flows last week.

EQT signs another tolling deal with Glenfarne’s Texas LNG

24 April 2024

EQT, the US natural gas producer headquartered in Pittsburgh, announced that it has agreed to a second Heads of Agreement with Glenfarne’s planned Texas LNG plant to produce an additional 1.5mn tonnes per year of LNG in a 20-year tolling contract.

25 GOP governors call on Biden to lift LNG pause

24 April 2024

A group of 25 Republican governors issued a statement on April 23 requesting President Biden to end the “reckless pause” on export approvals for new LNG projects.

Crescent Midstream reportedly explores sale

24 April 2024

Pipeline company Crescent Midstream is exploring a sale that could be worth $1.3bn including debt, Bloomberg reported citing anonymous sources.

Edited by

Anna Kachkova

Editor

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